Having launched GiveCrypto.org earlier this year to make direct cryptocurrency transfers to people living in poverty, Brian Armstrong — CEO of US crypto
exchange giant Coinbase — has now promised to give a huge chunk of his fortune away to charitable causes.
Per a report on CNBC, Armstrong signed the Giving Pledge, becoming the first cryptocurrency entrepreneur to pledge to donate the majority of his wealth
for the greater good.
The Giving Pledge is a campaign started in 2010 by billionaires Bill Gates and Warren Buffett, which seeks to encourage the world’s wealthiest to use
their fortune to help make the world a better place. According to a Wealth-X report published on Business Insider, the total value of pledges made to the
charity could be worth as much as $600 billion by 2022.